Services Market Report 2026

Services Market Overview

• Services market size has reached to $17377.79 billion in 2025 • Expected to grow to $25967.15 billion in 2030 at a compound annual growth rate (CAGR) of 8.4% • Growth Driver: Real Estate Demand As A Catalyst Shaping The Future Of The Services Market • Market Trend: Innovative Telecom Solutions Driving Digital Transformation And Economic Growth • Asia-Pacific was the largest region in 2025 and North America is the fastest growing region.

What Is Covered Under Services Market?

Services refer to transactions between a buyer and a seller without transferring any physical goods or commodities, involving the use of resources, experience, skill, ingenuity, and intelligence. It mainly involves the use of resources, experience, skill, ingenuity, and intelligence. The main types of services include Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, and Repair and Maintenance. Civic service is defined as a structured period of significant engagement and commitment to the local, national, or international community that is acknowledged and recognized by society, with little or no monetary recompense to the individual. The components include hardware, software, and service. The different modes include online and offline.

What Is The Services Market Growth Forecast?

The services market size is expected to see strong growth in the next few years. It will grow to $25967.15 billion in 2030 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to growing digital customer ecosystems, increasing automation in service delivery, rising enterprise reliance on managed service models, expansion of cross border service trade, increasing specialization of professional service offerings. Major trends in the forecast period include growing expansion of digital service delivery, rising focus on customer experience enhancement, increasing adoption of subscription based service models, growing integration of specialized professional services, rising outsourcing and third party service engagement.

Global Services Market Segmentation

1) By Type: Civic Services, Commercial Services, Personal Services 2) By Component: Software, Service 3) By Mode: Online, Offline Subsegments: 1) By Civic Services: Public Administration, Community Services 2) By Commercial Services: Marketing Services, IT Services 3) By Personal Services: Health And Wellness Services, Beauty Services

What Is The Driver Of The Services Market?

The rising demand for real estate services is expected to propel the growth of the services market going forward. Real estate refers to immovable property consisting of land, buildings, and any natural resources attached to or found on the land, such as minerals, water, and vegetation. Commercial real estate, in particular, requires comprehensive facilities management services to ensure smooth operations. For instance, in June 2025, according to the U.S. Census Bureau, a US-based government agency, the seasonally adjusted estimate of new houses for sale at the end of May 2025 was 507, 000, reflecting a 1.4 percent increase (±1.3 percent) from the April 2025 estimate of 500, 000 and an 8.1 percent rise (±5.5 percent) compared to the May 2024 estimate of 469, 000. Therefore, the rising demand for real estate services drives the services industry.

Key Players In The Global Services Market

Major companies operating in the services market report are Deloitte Touche Tohmatsu Limited, Accenture plc, The International Business Machines Corporation, Price Waterhouse Coopers, Ernst & Young Global Limited, KPMG International Limited, Randstad Holding NV, CBRE Group Inc., Enterprise Holdings Inc., Adecco Group, Capgemini SE, Sodexo Group, Recruit Holdings Co. Ltd., Jones Lang LaSalle Incorporated, Man powerGroup Inc., Waste Management Inc., Cognizant, TUI Group, Infosys Limited, Aramark Corporation, Wipro Limited, ISS A/S, McKinsey & Company, Robert Half International Inc., Gartner Inc., Bain & Company, BCD Travel, Travel Leaders Group, Thomson Reuters Corporation, Dun & Bradstreet Holdings Inc., Equifax Inc., Experian plc, IHS Markit Ltd., Moody's Corporation, S&P Global Inc.

Global Services Market Trends and Insights

Major companies operating in the services market are introducing innovative solutions such as telecom services to enhance customer experience, streamline operations, and drive digital transformation. Telecom services refer to a range of communication services that facilitate the transmission of voice, data, and video over various networks. For instance, in April 2024, Faroese Telecom, a Denmark-based telecommunications company, launched a comprehensive 5G network across all 18 islands of the Faroe Islands, achieving full population coverage in collaboration with Ericsson. This rollout provides residents with fast and low-latency internet access, enhancing mobile broadband and call quality through features like fixed wireless access and voice over LTE (VoLTE). The deployment overcame geographical challenges, including coverage on bridges, ferries, and fishing boats, and is poised to significantly benefit local industries such as fisheries and tourism by enabling advanced technologies like IoT and AI for improved operational efficiency and sustainability.

What Are Latest Mergers And Acquisitions In The Services Market?

In August 2023, International Business Machines, a US-based technology company, acquired Apptio Inc. for an undisclosed amount. With this acquisition, IBM aimed to strengthen its IT automation and hybrid cloud capabilities and offer clients a unified platform for managing, optimizing, and automating enterprise IT spend and operations. Apptio Inc is a US-based technology company that specializes in providing extensive services.

Regional Outlook

Asia-Pacific was the largest region in the services market in 2025. North America was the second-largest region in the services market. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

What Defines the Services Market?

The services market consists of revenue earned by entities by providing services to equipment and machinery repairing, promoting or administering religious activities, grant making, advocacy, and providing dry-cleaning and laundry services, personal care services, death care services, pet care services, photofinishing services, and temporary parking services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Services Market Report 2026?

The services market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the services industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.